• Individuals domiciled in the UK may be subject to IHT on their worldwide assets.
• Non-UK domiciled individuals are generally only subject to IHT on their UK assets.
• Individuals who have been resident in the UK in 17 out of the previous 20 years are treated as UK domiciled for IHT purposes

Husbands and wives are taxed separately; however, there is no IHT on transfers between spouses, provided the recipient is domiciled in the UK.
Doing nothing is not an option. Without proper tax planning, many people can end up leaving a substantial tax liability on their death, considerably reducing the value of the estate passing to chosen beneficiaries.
A bespoke solution is vital as it will depend upon the circumstances of each case. For example, what are your assets and do you require an income from them? If you are married, will you require access to funds in the future? What have you planned if one of you dies first? 
At Blue Ocean Investment Company Ltd we are able to offer a range of inheritance tax solutions, which individually or in combination meet most of your objectives and circumstances, but having advice to meet your personal circumstances is essential to achieve your goals.